RobbyP

Shprite looking weak

JSE:SHP   SHOPRITE HOLDINGS LTD
After having broken previous support near R180.00, Shoprite is looking perilously weak. This seems to be the case with most retailers but the once "stock market darling" certainly looks to be struggling to gain any upside momentum whatsoever. If support level 2 does not hold, there is a very very long way down. Don't kid yourself, R130.00 is not impossible
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